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what is CENVAT CREDIT ? , Central Excise |
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what is CENVAT CREDIT ? |
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what is CENVAT CREDIT ? AND HOW IT IS TAKEN FOR THE ENGINEERING GOODS? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
CENVAT stands for Centralized Value added Tax. Engineering goods if classified as Input goods 100% credit in the year of recipt. Rule 2(k) of CCR, 2004, If classified under Chapter 82, 84, 85 of CETA be treated as Capital goods and 50 credit in the year of receipt and 50% in next year. Rule 2(a) of CCR, 2004, Page: 1 Old Query - New Comments are closed. |
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